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DoubleZero: Received a no-action letter from the SEC regarding the 2Z Token, confirming that it does not need to sign up as an equity security.
BlockBeats news, on September 30, Solana's custom fiber network DoubleZero proudly announced the SEC's no-action letter provided to DoubleZero regarding the 2Z Token, confirming that 2Z does not need to be registered as a "equity security" and that the programmatic liquidity of 2Z on the DoubleZero network is not a securities transaction. Previously reported, DoubleZero announced that its Mainnet will go live on October 2, and the 2Z Token will be deployed.